ACTG
ACTG - Huge Breakout. Can It Start Bull Momentum?Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company's operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. The Company's operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. The Company's operating subsidiaries own or control the rights to multiple patent portfolios, which include the United States patents and certain foreign counterparts, covering technologies used in a range of industries.
172.72K 07/15/19 SHORT INTEREST
P/E Current
-1.31
P/E Ratio (with extraordinary items)
-1.76
ACTG - Downward channel formation long from ACTG looks an interesting long setup. It is running within a downward channel & now at the bottom of the channel formation. It has insider buying & strong money flow divergence. We think it has good upside potential from current level.
* Trade Criteria *
Date First Found- February 6, 2018
Pattern/Why- Short term Speculative Long
Entry Criteria- Current price ($3.50) (Hit February 7, 2018)
Exit Criteria- 1st Target $3.96 ; 2nd Target $4.73
Stop Loss Criteria- $3.33 (Updated February 15, 2018)
Indicator Notes- Positive Money flow divergence
Special Note- Very good valuation ratio (P/B: 0.43, P/C: 1.12)
Please check back for Trade updates. (Note: Trade update is little delayed here.)